Onyx Software Announces Preliminary Financial Results for 2006 Second Quarter
July 17 2006 - 7:45AM
Business Wire
Onyx(R) Software Corporation (NASDAQ:ONXS), a worldwide leader in
customer management solutions for the enterprise, today provided
preliminary financial results for the 2006 second quarter ended
June 30, 2006. Based on preliminary estimates, Onyx anticipates
reporting license revenue of approximately $1.6 million and total
revenue in the range of $11.7 million to $11.9 million. In
addition, the company expects to report net loss in the range of
$0.14 to $0.16 per share for the 2006 second quarter. Onyx results
remain subject to review by its independent registered public
accounting firm. About Onyx Software Onyx Software Corporation
(NASDAQ:ONXS) is a worldwide leader in customer management and
process software for mid- and large-size enterprises. Onyx provides
flexible solutions that enable organizations to automate, manage
and evolve their customer processes quickly and cost-effectively
for strategic advantage. By providing an integrated suite of
customer process automation applications encompassing customer
management, process management, and analytics capabilities, Onyx
enables enterprises to reduce costs, increase productivity, and
grow revenue. Major companies are aligning their customer-facing
departments and managing their customer processes with Onyx
software - companies such as Amway Corporation, Mellon Financial
Corporation, The Regence Group and State Street Corporation. More
information can be found at (888) ASK-Onyx, info@onyx.com or
http://www.onyx.com/. Forward-Looking Statements This press release
contains forward-looking statements, including statements about the
preliminary financial results Onyx expects for the 2006 second
quarter ended June 30, 2006. Forward-looking statements are based
on the opinions and estimates of management at the time the
statements are made and are subject to risks and uncertainties that
could cause actual results to differ materially from those
anticipated in the forward-looking statements. The words "predict,"
"believe," "expect," "intend," "anticipate," variations of such
words, and similar expressions identify forward-looking statements,
but their absence does not mean that the statement is not
forward-looking. These statements are not guarantees of future
performance and are subject to risks, uncertainties and assumptions
that are difficult to predict. Factors that could affect Onyx's
actual results include, but are not limited to, the risk that our
quarterly accounting review procedures or developments after the
date of this release result in changes to our preliminary results
announced in this release and the "Risk Factors" described in our
annual report on form 10-K and our quarterly report on form 10-Q
and other filings with the Securities and Exchange Commission that
are available on our investor relations home page at
www.onyx.com/investors. Readers are cautioned not to place undue
reliance upon these forward-looking statements that speak only as
to the date of this release. Onyx undertakes no obligation to
update publicly any forward-looking statements to reflect new
information, events or circumstances after the date of this release
or to reflect the occurrence of unanticipated events. Onyx is a
registered trademark of Onyx Software Corporation in the United
States and other countries. Other product or service names
mentioned herein are the trademarks of their respective owners.
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